Ripple and Convela Strengthen Remittance Infrastructure for 200 Countries Using RLUSD

Ripple × Convela Partnership

Blockchain payment company Ripple and commercial payment giant Convela (formerly Western Union Business Solutions) announced on the 31st that they have entered into a strategic partnership to provide a corporate international remittance solution utilizing stablecoins, according to official statements from both companies.

The model adopted by the two companies is known as the 'stablecoin sandwich', where the origin and destination of the remittance remain in fiat currency...